https://www.taxtmi.com/caselaws?id=250288 The Tribunal partly allowed the appeal regarding the classification of profit from the sale of shares, directing the Assessing Officer to accept the Short Term Capital Gain claim. The disallowance of expenses under section 14A was dismissed as not pressed. The penalty imposed under section 271(1)(c) was canceled based on the precedent that penalty wouldn't apply for additions under normal procedure if the assessment was based on section 115JB. en-us Wed, 30 Jul 2014 00:00:00 +0530 Fri, 08 Aug 2014 06:35:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250288 The Tribunal partly allowed the appeal regarding the classification of profit from the sale of shares, directing the Assessing Officer to accept the Short Term Capital Gain claim. The disallowance of expenses under section 14A was dismissed as not pressed. The penalty imposed under section 271(1)(c) was canceled based on the precedent that penalty wouldn't apply for additions under normal procedure if the assessment was based on section 115JB. Case-Laws Income Tax Wed, 30 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250288